Intuit Inc. (NASDAQ: INTU): The Best-Of-Breed For Investing?


    T. Rowe Price Associates, Inc. (I. recently announced the acquisition of new stake in Intuit Inc. (NASDAQ:INTU). The institutional investor has increased its shareholding in the Technology company by 4.70% to 22.28 million shares with purchase of 1.0 million shares. This fresh investment now brings its stake to 8.55% valued currently at $6.6 billion. In addition, BlackRock Fund Advisors raised its holdings by 94578.0 to 13.44 million shares. And Edgewood Management LLC has lifted its position by 21.55% or 1.06 million shares – to 5.97 million shares.

    With over 1.19 million Intuit Inc. (INTU) shares trading Friday and a closing price of $296.14 on the day, the dollar volume was approximately $352.5 million. The shares have shown a negative weekly performance of -0.86% and its price on 07/24/20 gained nearly 2.59%. Currently, there are 261.00M common shares owned by the public and among those 251.65M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 21 analysts who have offered their price forecasts for INTU have a consensus price objective of $300.59. The analysts have set the share’s price value over the next 12 months at a high of $340.00 and a low of $220.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Intuit Inc. stock is 2.10 for the next 12 months. The average price target is 2.52% above its last price level and an upside to the estimated low will see the stock lose -34.61% over that period. But an upside of 12.9% will see the stock hit the forecast high price target while mean target price for the stock is $308.00.

    Insiders at the company have transacted a total of 252 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 112 of these insider trades were purchases, accounting for 675,177 shares. Insider sales of the common stock occurred on 140 occasions, with total insider shares sold totaling 1,088,950 shares.

    The top 3 mutual fund holders in Intuit Inc. are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and T Rowe Price Blue Chip Growth Fun. Vanguard Total Stock Market Index owns 7.06 million shares of the company’s stock, all valued at over $2.09 billion. The company sold 70691.0 shares recently to bring their total holdings to about 2.71% of the shares outstanding. Vanguard 500 Index Fund bought 95234.0 shares to see its total holdings expand to 5.41 million shares valued at over $1.6 billion and representing 2.08% of the shares outstanding. T Rowe Price Blue Chip Growth Fun bought 3267.0 shares to bring its total holdings to over 5.17 million shares at a value of $1.53 billion. T Rowe Price Blue Chip Growth Fun now owns shares totaling to 1.98% of the shares outstanding.

    Shares of Intuit Inc. (NASDAQ: INTU) opened at $290.45, up $1.77 from a prior closing price of $288.68. However, the script later closed the day at $296.14, up 2.59%. The company’s stock has a 5-day price change of -0.86% and 8.94% over the past three months. INTU shares are trading 13.06% year to date (YTD), with the 12-month market performance up to 4.36% higher. It has a 12-month low price of $187.68 and touched a high of $314.73 over the same period. Currently, 1.19 million shares have been traded, compared to an average intraday trading volume of 1.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.34%, 1.68%, and 9.09% respectively.

    Institutional ownership of Intuit Inc. (NASDAQ: INTU) shares accounts for 89.40% of the company’s 261.00M shares outstanding. Mutual fund holders own 4.80%, while other institutional holders and individual stakeholders account for 51.56% and 36.89% respectively.

    It has a market capitalization of $77.99B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 58.50, while the earnings-per-share (ttm) stands at $5.06. The company has a PEG of 5.76 and a Quick Ratio of 1.80 with the debt-to-equity ratio at 0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.07% over the week and 2.54% over the month.

    Analysts forecast that Intuit Inc. (INTU) will achieve an EPS of $1.03 for the current quarter, $0.34 for the next quarter and $8.15 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of $1.48. Comparatively, EPS for the current quarter was -$0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 18.40%, and 14.86% over the next financial year. EPS should shrink at an annualized rate of 10.15% over the next five years, compared to 15.00% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 21 brokerage firm advisors rate Intuit Inc. (INTU) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 7 of the 21 advise that investors “hold,” and 2 rated it as a “Sell.”

    Looking at the support for the INTU, a number of firms have released research notes about the stock. CFRA stated their Sell rating for the stock in a research note on April 06, 2020, with the firm’s price target at. Mizuho coverage for the Intuit Inc. (INTU) stock in a research note released on March 26, 2020 offered a Buy rating with a price target of $280. Wells Fargo was of a view on March 11, 2020 that the stock is Overweight, while Wells Fargo gave the stock Equal Weight rating on January 28, 2020, issuing a price target of. Wells Fargo on their part issued Equal Weight rating on January 27, 2020.


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